Eli Lilly and Co is to acquire Versanis Bio Inc of the US in a transaction valued at up to $1.93 billion in order to expand its presence in cardiometabolic medicine development. The acquisition, in cash, will be the company’s third in less than a month, giving it a candidate product for obesity that is in a Phase 2b study. The acquisition was announced on 14 July. Lilly’s earlier announced deals included the takeover of DICE Therapeutics Inc, with a project in psoriasis, and Sigilon Therapeutics Inc, with a project for type 1 diabetes.
